Palm Beach National Bank & Trust Company - Overview
General
FDIC Certificate #: 21051 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colonial Bank (#9609) Federal Reserve ID: 365138 Date Established: April 24, 1973 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 9 (Interstate: No) OTS Docket #: 13332 FDIC's unique #: 14550 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: April 24, 1973 Last Structure Change Effective Date: October 18, 2002 Last Structure Change Process Date: January 10, 2003 Last Data Update: January 10, 2003 Data Source Date: April 05, 2012
Location
Address: 125 Worth Avenue, Palm Beach, FL 33480 County: Palm Beach Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): West Palm Beach-Boca Raton, FL (#8960) Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100) CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100) Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
Financial Summary
Total assets: $360.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
115Total employees (full-time equivalent)
$338,586Total assets
$18,392Cash and due from depository institutions
$206Interest-bearing balances
$16,504Securities
$9,683Federal funds sold & reverse repurchase agreements
$284,251Net loans & leases
$3,413Loan loss allowance
$0Trading account assets
$3,613Bank premises and fixed assets
$144Other real estate owned
$10Goodwill and other intangibles
$0Life insurance assets
$5,989All other assets
$338,586Total liabilities and capital
$305,539Total liabilities
$299,634Total deposits
$204,113Interest-bearing deposits
$299,634Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$905All other liabilities
$33,047Total equity capital
$33,047Total bank equity capital
$33,047Perpetual preferred stock
$0Common stock
$7,312Surplus
$12,048Undivided profits
Memoranda
$13,687Noncurrent loans and leases
$60,675Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,387Earning assets
$1,690Long-term assets (5+ years)
$1,187Average Assets, year-to-date
$310,644Average Assets, quarterly
$34,336Volatile liabilities
$330,283Insider loans
$326,684FHLB advances
$38,884Loans and leases held for sale
$3,485Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$60,675Total unused commitments
$0Restructured Loans and leases
$3,413Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$23,753Total interest income
$7,552Total interest expense
$16,201Net interest income
$876Provision for loan and lease losses
$3,259Total noninterest income
$1,362Fiduciary activities
$1,100Service charges on deposit accounts
$0Trading account gains & fees
$797Additional noninterest income
$13,601Total noninterest expense
$7,013Salaries and employee benefits
$2,433Premises and equipment expense
$4,155Additional noninterest expense
$4,983Pre-tax net operating income
$47Securities gains (losses)
$1,862Applicable income taxes
$3,168Income before extraordinary items
$0Extraordinary gains - net
$3,168Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$375Sale, conversion, retirement of capital stock, net
$405Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.81%Yield on earning assets
2.48%Cost of funding earning assets
5.33%Net interest margin
1.07%Noninterest income to earning assets
4.47%Noninterest expense to earning assets
0.95%Net operating income to assets
0.96%Return on assets (ROA)
1.52%Pretax return on assets
10.21%Return on equity (ROE)
8.90%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
233.60%Credit loss provision to net charge-offs
15.62%Efficiency ratio
69,892Assets per employee
2.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.78%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
77.80%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
1.53%Net loans and leases to deposits
94.87%Net loans and leases to core deposits
106.96%Equity capital to assets
9.76%Core capital (leverage) ratio
10.20%Tier 1 risk-based capital ratio
11.23%Total risk-based capital ratio
Memoranda
$12Average assets
$330,283Average earning assets
$31,042Average equity
$304,204Average loans
Total Fiduciary and Related Assets (December 31, 2001)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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